Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XIII, Issue 4110, 11 May 1892, Page 4

The Wairarapa Farmers' Co-Operative Association, [LIMITED.] (Formorly M, Cosolborg & Co.) Incorporated 'undor " Tho Companies Act, 1582," CAHTAMIOO,OOO; DiTiaeainto2o,oooßbaresof£seacb, with power to increase as re* quired. Payable as follows: 8s on application, 6s on allotment, 6a every three months until £1 is paid, and the balance by calls. It is not anticipated that it will ho necessary to call up any further Capital beyond £1 per Share, but in no case will further calls be made exceediug 2s Gd per month. Directors; MYERCAHELBERG.Esq. WILLIAM HENM HOSKING.M.D. LIONEL OaSELBERG.Esq. A, W. CAVE, Esq DAVID JOSEPH NATHAN, Esq. DONALD DONALD Esq LOUIS JOSEPH NATHAN, Esq. WITH rOlVBlt 10 ADD TO THEIR NBJIBBK. Bankers: THE BAffi OF AUSTRALASIA, Secretary: D. McINTOSH. Solicitor: A.R,DUNUY,£s«., Maßterton, Head Office: MASTERTUN, Bnuichss * GREXTOWN aNDTINUI,

IHE association has ken formed for ness of Messrs M, Cnselberg & Co., at Masterton and Greytown, and Messrs Joseph Nathan & Co.'s Retail Business at Tinui, in the Wnirarapa District, and hereafter to carry on a general business upon the co-operativo principle undor which Bliareholders and customers of the Association -will share in the profits, according to methods to he determined from time to time by the Directors, and for tho other purposes mentioned in the Memorandum of Association, a copy of which is endorsed on (his prospectus. An association of this natnro requires, in the chiof centres, commodious business premises repletewith facilities for economically and expeditiously carrying on tho dis-. tributing trade. Experienced managers with a thorough knowledge of local requirements are indis. peiuible for the efficient conduct of tho business, and for keeping good saleable clean stocks, It is necessary to know ia what markets lit what seasons, and in what quantities to buy theirrequirements. Itis of even greater importance to know how, where, and when to oxportor otherwise dispose of the produce to the best advantage. But tho real difficulties of all such institutions is the beginning ; for they must havo capital at command, and havo such fioancial arrangements, not only in the Colony, but in the various markets of the world, as will inspire the utmost confidence to enable it to build up a first-class credit and good name, and thus transact business on rock bottom limits. The profits of the Association after payment of expenses will belong to, and be distributed amongst tho shareholders, It is at present proposed after payment to Bhareholdera of a dividend of 7 per cent upon amount of paid tip capital to divide part of the balance of tho profits amongst the shareholders, according to the amount ofhusiness done by each, and a bonus to employees, and to carry part to a Besorve Fund for the equalisation of'dividends, and for the distinct object of starting or investing in such local industries in the district, as will prove conducive to the welfare of tho shareholders, employ labour, and promote the wealth and population of the district. The Association will wherever sufficient inducement is offered by settlers and others, and subject to tho consent of the shareholders, endeavour to ally itself, 0 amalgamate, with similar institutions, and thus by sharing the cost of management and conduct of business, reduce expenses and enlarge its sphere of usefulness, This is far irom being a speculative concern, 'the businesses of the vendors have been carried on successfully for the last twenty-five years; and the promoters have such confidence in the future of the Association that they are prepared, so long as Mr Caselbcrg is allowed a controlling voice in the management of the concern as heretofore, to guarantee a dividend of not less than 6 per cent for the noxt five years, It should bo plainly understood that the promoters do not desiro now, nor in the future, to take out their capital, but to carry on the business on tho new lines with Mr Caselberg at the head of affairs, assisted by all the present staff, many of whom have been known to you for the last fifteen years. Disinterested experts will be employed to certify that stocks have been taken at abso lute cost, and all bad or old stock has been reduced to the market value or taken away altogether, Book debts taken over aro guaranteed against loss by the vendors, The following contracts have been made, namely:1, A contract between Messra M Caso - berg & Co,, and the Association, 2. A contract between Mcssis Joseph Nathan & Co., and the Association Applications for shares should be made upon tho accompanyinp form, and forwarded to the Bankers o the Association, together with the amount payable on application, If no allotment is made the deposit will be returned without deduction, and where the number of shares allotted is less than the number applied for, surplus will be credited in reduction of the amount payable on allotment, A form of Application for Shares is annexed, and a copy ol the memorandum of Association will be found endorsed on isprospectiu. copy of the Articles of Association, and of the contracts above mentioned may be inspected at tho office of the Association's Solicitors Dated this day of 1892. (Signed) M.CASELBEBG& CO, (Signed) JOSEPH NATHAN & CO. "THE COMMIES ACT, 1882." ASSOCIATION LIMITED BY SHARES, MEMORANDUM 01' ASSOCIATION OF THE WAIHARAFA FAMEHB' CO-OPM-ATIVE ASSOCIATION, Limited. (rOHMHUVM. CASELDEHG AND CO.) 1, The name of the Association is " The WAHIAIIAPA FAIIMEIIS' CO-OPMUTIVE Association, Limited." 2, The registered Office of tlio Association will be situated in Masterton, in the Colony of Now Zealand, 3, The objects for which the Association is established ore : (A, To acquire by purchase, as a going concern the stock in trade, property (real and per sonal), book debts, and good will of the business now carried on by ih>sr» M. Caselberg and Co., of Mastertou and Greytown, Storekeepers; and the prem- ,... «li»» *W. I,miniug i« nn* hivimr bitricd on at Masterton and Greytown; also the stock in trade, property (real and personal), book debts;, and good will of the retail business now carried on by Messrs Joseph Nathan k Co,, at Tinui, in the District of Vairarapa j and to take over the said businesses as going concerns, as on aud from the first day of February, 1892, and to pay for the same either by shares wholly paid up, or by Bharcs partly paid up, or by cash, or partly in one of such ways and partly in another, (B.) Toaccept, take over, undertake, and cany out to completion all contracts, engagements, and liabilities entered into or incurred in connection with the said business or either of them, (a) To carry on in tho Wairarapa District, and elsewhere in Now Zealand, and in any put of the world, the businesses of Wholesale Ueucial Merchants and Manufacturers, and Eetail General Dealers and Shopkeepers, and Farmers and any other bminesi, trade, or occupation (whether of a siniiliar kind to thoso specially named or not) which the Directors may from time to time think it advisable to embark the capital of tho Association upon or join in, and so that in every case tho Directors shall have power to enter upon, and carry on any business upon co-optrativo principles- ~ ..-•.;, .'. (d,) To purchasestockih.'trado for such business,, from timo'totimc,.upon juch torms as to'the Directors' shall seem fit E,) From time to time' to purchase, accept casts tor terms ot yearn ot, or acquire on any other tenure, land, stores, shops, and other buildmijs, wherwa tho business of